Internal Revenue Service Changes Due Dates For Certain Returns.
Taxation NewsFebruary 13, 2017
Internal Revenue Service changes due dates for certain returns.
Below is a summary of the most commonly used forms. New filing dates are effective for tax years beginning after December 31, 2015.
RETURNS WITH DUE DATE CHANGES
Form 1120, C Corporations – calendar year
NEW due date is April 15th. 5-month automatic extension (September 15) available until 2026, then 6-month.
Form 1120, C Corporations – June 30 year end
Due date September 15th (until 2026, then October 15). 7-month automatic extension (April 15) until 2026, then 6-month.
Form 1065, Partnerships
NEW due date March 15 for calendar-year returns, or 2-1/2 months after close of year-end. 6-month automatic maximum extension (September 15 for calendar-year returns).
Trust Form 1041 – calendar year
Due date April 15th. 5-1/2-month maximum extension available.
Trust Form 1041 – non-calendar year
3-1/2 months after year end. 5-month maximum extension available (6-month for certain types of trusts).
FinCEN Foreign Bank Account Reporting (FBAR)
NEW due date April 15th. 6-month maximum extension available.
RETURNS WITH NO DUE DATE CHANGES
Form 1040, U.S. Individual Income Tax Return, No Change
Due date April 15th. 6-month automatic extension available.
Form 1120, C Corporations – fiscal year other than June 30
Due date 3-1/2 months after year end. 6-month automatic extension available.
Form 1120-S, S-Corporations
Due date March 15 for calendar-year returns, or 2-1/2 months after close of year-end. 6-month automatic maximum extension.